REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 29 September 2023 |
for |
EWC Holdings Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 29 September 2023 |
for |
EWC Holdings Ltd |
EWC Holdings Ltd (Registered number: 11343327) |
Contents of the Financial Statements |
for the Year Ended 29 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EWC Holdings Ltd |
Company Information |
for the Year Ended 29 September 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Oriel House |
2-8 Oriel Road |
Bootle |
Liverpool |
Merseyside |
L20 7EP |
EWC Holdings Ltd (Registered number: 11343327) |
Balance Sheet |
29 September 2023 |
29.9.23 | 29.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EWC Holdings Ltd (Registered number: 11343327) |
Notes to the Financial Statements |
for the Year Ended 29 September 2023 |
1. | STATUTORY INFORMATION |
EWC Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about EWC Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
At the balance sheet date, the company disclosed net current liabilities of £306,559, and total net assets of £1,651,238. |
It continues to be supported via its trading subsidiary, Environmental Waste Controls Limited. The trading subsidiary is forecast to trade profitably for the foreseeable future, thus generating a healthy rate of return for the holding company. The directors have therefore prepared the accounts on the going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
EWC Holdings Ltd (Registered number: 11343327) |
Notes to the Financial Statements - continued |
for the Year Ended 29 September 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30 September 2022 |
and 29 September 2023 |
NET BOOK VALUE |
At 29 September 2023 |
At 29 September 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Laurel House, Kitling Road, Knowsley Business Park, Prescot, Merseyside, L34 9JA. |
Nature of business: |
% |
Class of shares: | holding |
29.9.23 | 29.9.22 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.23 | 29.9.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.23 | 29.9.22 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.9.23 | 29.9.22 |
£ | £ |
Other creditors |
EWC Holdings Ltd (Registered number: 11343327) |
Notes to the Financial Statements - continued |
for the Year Ended 29 September 2023 |
8. | SECURED DEBTS |
Other creditors amounting to £197,978 are secured by a legal charge dated 10/10/2018 in favour of William |
Alexander Edwards and Julia Ann Edwards against the chattels of Environmental Waste Controls Limited, a wholly owned subsidiary of the company. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.9.23 | 29.9.22 |
value: | £ | £ |
Ordinary | 0.10 | 100 | 100 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 29 September 2023 and 29 September 2022: |
29.9.23 | 29.9.22 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |